Horizons Active Hybrid Bond and Preferred Share ETF

The investment objective of Horizons HPR is to provide dividend income while preserving capital by investing primarily in preferred shares (including securities convertible into preferred shares) of Canadian companies. Horizons HPR may also invest in preferred shares of companies located in the United States, debt securities (including LRCNs) of Canadian and U.S. issuers, other income generating securities, as well as Canadian equity securities and Listed Funds The Sub-Advisor uses fundamental research to select the securities of companies that, based on the Sub-Advisors view on the companys industry and growth prospects, should be included in the ETFs investment portfolio.